EBC Initiates Coverage of Textron with Hold

Early Bird Capital initiated coverage of Textron TXT with a Hold rating. In a research report published today, EBC states, "We are initiating coverage of the Textron, Inc. (TXT) with a HOLD rating... Opportunities include: well-diversified, barriers to entry, positioning to business jet recovery and changes creating leverage in model... Risks include revenue concentration and the overall aerospace market." On Wednesday, Textron closed the day at $21.38.